If you've gotten a raise in the past two years, it's now been nearly all eaten away by inflation

According to recent statistics, inflation-adjusted hourly earnings in the United States have declined, effectively erasing nearly all wage gains from raises received over the past two years. Average hourly pay had risen after Donald Trump first took office, but is now back to previous levels. The data indicates that prices are rising faster than expected, contributing to ongoing affordability challenges in the US economy. There are also signs that inflation could worsen further.

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